Take Profit (TP)

Take Profit - An order attached to a position to automatically close it at a specified favorable price, securing profit. For a long position, the TP is set above the entry; for a short, below. If the market hits the take-profit price, cTrader executes a market order to close the trade. This locks in gains without manual intervention. (TPs are usually placed together with entries or added later.) For example, if you buy EUR/USD at 1.1000 with TP at 1.1050, a rise to 1.1050 will close the position, capturing that 50-pip gain.